This marks Nexus’ 16th acquisition since the company formed in 2008, and the 26th acquisition for Kentro Capital, which marks another major milestone in the group’s international expansion.
Spectrum’s Management team will continue to run the business as normal post-transaction while maintaining an ongoing minority stake in the business.
This deal also sees acquiring a like-minded entrepreneurial business with similar core values and a proven focus on underwriting profitability.
With the teams’ experience sitting alongside institutional infrastructure, a clear opportunity to build a Nexus Dubai business underwriting in excess of USD50 million in gross written premium over the next 3 years.